- AgriFORCE rebrands as AVAX One, planning to raise $550M.
- Targeting over $700M worth of AVAX tokens to strengthen the Avalanche ecosystem ties.
- Backed by Hivemind Capital and 50+ major institutions, including Galaxy Digital, DCG, and Kraken.
AgriFORCE Growing Systems has announced a major shift, rebranding as AVAX One and setting its sights on becoming the first NASDAQ-listed company built around Avalanche’s AVAX token.
The company plans to raise $550 million, aiming for total holdings of more than $700 million worth of AVAX. This makes it the largest publicly traded vehicle with a direct strategy centered on Avalanche, the blockchain designed for institutional-grade finance.
Avalanche is backed by $6.2 billion in staked assets and is already used by global leaders such as Apollo, KKR, and J.P. Morgan for tokenization projects. By shifting its core focus, AVAX One seeks to establish itself as a long-term player in blockchain-driven financial infrastructure.
Hivemind Capital Leads AVAX One Funding
The fundraising effort is being led by Hivemind Capital and has been joined by over 50 other prominent investors. These include ParaFi, Galaxy Digital, Digital Currency Group, Kraken, HashKey, FalconX, and Republic Digital. This collective support suggests strong interest from both traditional finance and crypto-native institutions.
Hivemind Capital’s CEO, Matt Zhang, shortlisted as Chairman of AVAX One, described the plan as making a “Berkshire Hathaway” of the on-chain economy.
The short-term strategy of the company would include responsible accumulation of AVAX, and long-term targets include acquiring fintech companies and inducting them to Avalanche’s network. This, according to Zhang, offers a growth loop to distinguish AVAX One from other cryptocurrency businesses and ETFs.
The rebrand also introduces us to an advisory board of influential figures, including SkyBridge Capital’s Anthony Scaramucci and Coinbase Institutional’s Brett Tejpaul. Their addition lends gravitas to AVAX One’s ambition to take a seat at the head of the table in this asset tokenization revolution.
Additional $250M to Come From Equity-Linked Instruments
The fundraising plan will come to pass in stages. Already, there has been an intended $300 million PIPE offering contingent upon shareholder approval, and another $250 million through equity-linked products.
The two plans, as it were, would bring AVAX One’s holdings over $700 million in AVAX token holdings, further solidifying it as an anchor player in Avalanche’s expanding ecosystem.
Scaramucci described tokenization of assets as the next decade’s defining trend and named Avalanche as one of the foremost platforms in this regard. With an on-ramp to go publicly traded in AVAX One, investors would directly access Avalanche’s growth through a regulated market vehicle.
Also Read: AVAX Eyes Key Buy-the-Dip Zones, Poised for Explosive $40 Rebound
